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Home Selling in 11581 : Real Estate Advice

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  • Local Info3
  • Home Buying3
  • Home Selling1
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Activity 9
Thu Oct 14, 2010
Anna M Brocco answered:
Yes, you will need an attorney to handle the contract details--also consider listing with an agent, if you need assistance feel free to contact me directly.
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Sun Mar 9, 2014
Anna M Brocco answered:
Without many details--As for selling your house for more than what it's worth--consider, would you buy a property if you knew you were overpaying--keep in mind that in order to establish a value, you need to be aware of comps--recently sold similar properties in the immediate area--review the data and make a determination as to a fair price; that information is also available to buyers, therefore highly unlikely someone will purchase over value--as for waiting--how long in the process are you with respect to a modification--if the modification is approved, will you still want to sell, etc. Feel free to contact me directly if you need assistance. ... more
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Wed Jul 28, 2010
Dallas Texas answered:
HOA - dues usually vary based on sq. ft of unit on the property and the amenities property offers.

IF you don't use a gym, pool, grounds, search for a property offers less "bells and whistles' than a full scale multi family dwelling

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
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Wed Jun 30, 2010
Scott Godzyk answered:
Cynthia if you are under water your best option is asking teh bank to complete a short sale, you will want to find a listing agent who is experienced in short sales, they can assist in negotiating the sale and keeping you out fo foreclosure which will finish off your credit score. At this point where you are so far behind, you may not make anything from yoru sale, but you will be able to get out of teh debt that could follow you if you are foreclosed on.

Please check my blog

http://www.trulia.com/blog/scott_godzyk/2010/06/how_to_get_a_short_sale_approved

TIPS TO GET A SHORT SALE APPROVED
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Fri Jul 31, 2009
Arlynn B. Palmer answered:
Hi,

Each co-op board sets a different set of standards for their respective cooperative corporation and they do differ from one to the other. When the standards are very stringent, then it is not so much a deterrent for sellers to sell their property shares, but rather a deterrent for buyers to buy! It has the same effect - the unit either takes a very long time to sell or does not sell until the price is sufficiently low to entice a buyer under these regulations.

In the current real estate market and general economy, most co-op boards have voted to make their rules more strict. Since there might be a number of prospective shareholders who may lose their jobs or ultimately wind up in foreclosure in this market, the co-op boards are attempting to assure that current shareholders sell to people who will be able to pay the maintenance in an on-going fashion. When considering a co-op - the buyer must consider the fact that if enough shareholders default on their maintenance or on the mortgage (and are foreclosed upon) then the remaining shareholders will have to make up the difference in the overall monies so that the underlying mortgage and all communal services (the underlying mortgage on the whole property, lawn maintenance, snow removal, heat, water, etc.) can continue to be paid, thereby preventing the entire property from being foreclosed upon and effectively evicting those shareholders who have been paying their maintenance on time!

If I can answer any other questions an/or show you any co-ops and/or houses, please contact me directly by phone at (516)410-3594 or by email at Arlynn@ArlynnPalmer.com.

In the meantime, please visit my website at www.ArlynnPalmer.com where you will find FREE Buyer Reports, FREE School and Neighborhood Reports, my Monthly Newsletter and other valuable real estate information.

Regards,
Arlynn

Arlynn B. Palmer, ESQ, SRES, CBR, CMS, CNS
Licensed Associate Broker, REALTOR
Coldwell Banker Claire Sobel\
(516)410-3594
Arlynn@ArlynnPalmer.com
... more
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Mon Jul 20, 2009
answered:
This is something that is a requirement from the bank. Banks are now requiring more fidelity bond insurance than they have in the past. This is not a scam, and is probably a directive from Fannie Mae, but seeing as it comes to us from the banks, I can't be sure. This is a very recent change, so my colleagues and I feel that eventually the co-op boards will catch on, and they will increase their insurance. This will probably happen as soon as someone on the board wants to refinance their mortgage. ... more
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Fri Jun 19, 2009
Lenny Bobrow answered:
Hi - there is actually only one co-op complex in Valley Stream School District 14. Right now there are 8 two bedroom co-ops available in the buildings.

The average maintenance is about $ 1200 a month.

I am in the area and would be happy to show you the apartments if you like.

Let me know if I can be of any assistance.

Thanks

Donna Galinsky
Pugatch realty Corp.
516-317-9253
... more
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Fri Feb 27, 2009
Cheryl Cairns answered:
You need to ask a real estate lawyer in your state!
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Thu Feb 12, 2009
Everett Perry answered:
still in contract but 186 ann street is for sale at 499k. the lot is 62 x100 and the house has 4 bedrooms and 2 bathrooms.

if you would like to see it, let me know and i will schedule an appointment.

thanks.
... more
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